Senior reverse mortgage and FHA HECM programs are more popular now than ever before. Find out why today.

Jun 26, 2007

Financial independence in retirement with the FHA HECM loans

Americans senior citizens are living longer and healthier lives. Reaching retirement age no longer necessarily means growing weak. Financial security can be a large consideration that can help ensure better quality of life for our parents and for us. FHA Hecm loans are the most popular type of reverse mortgage and can help your parents live independent in their golden years, and balance their needs and wants with your own goals.

Living in their own home is important to most senior citizens. For the well-being of your parents and your own peace of mind, it’s important to plan for the future by considering the type of assistance they may need and want to live comfortably in their own home. It may seem awkward to talk to your parents about their finances, and it is important to know if they can afford to eat good foods, pay bills and enjoy their retirement.

Allow your parents to make their own choices and consider a FHA HECM reverse mortgage as just one option for a healthy retirement. Show understanding by focusing on your parents’ needs, wants, and worries about their current and future living situation. Compare the costs and benefits of remaining in their home with other possibilities.